Shell (SHEL) closed at $67.74 on the most recent trading day, showing an increase of 0.53% from its previous closing price.
On March 13, 2025, Shell plc announced changes to its Remuneration Committee. Cyrus Taraporevala, a Non-executive Director, will take over as Chair after the 2025 Annual General Meeting. Neil Carson will resign from his position as Chair and member of the committee on the same date.
On March 13, 2025, Shell plc announced that it bought back a total of shares for cancellation. The purchases included 325,051 shares on the London Stock Exchange and others on different venues, with prices ranging from £25.6300 to £26.1200. This activity is part of the company's ongoing share buy-back program that was first announced on January 30, 2025.
On March 12, 2025, Shell plc announced that it bought back a total of shares for cancellation. The purchases were made across different trading venues, with details including the number of shares, highest and lowest prices, and average prices per share. These transactions are part of the company's ongoing share buy-back program that was announced earlier on January 30, 2025.
JP Morgan believes that Shell PLC's shares have potential for growth, as the company has a chance to catch up with its larger US competitors. The bank has given the stock an "overweight" rating and set a price target of 3,300p, showing trust in Shell's long-term plans and its capacity to benefit investors.
Shell's LNG sector plays an important role in lowering carbon emissions and moving towards sustainable energy, with strong demand growth anticipated in China and India. Although there is a projected 17% year-on-year decrease in income for 2024, the company's EV/EBITDA ratio of 3.69x and solid cash flow suggest it is still a good investment. Additionally, Shell's reasonable debt levels and rising dividend payments show financial stability, even with geopolitical challenges and possible economic slowdowns in China and India.
On 10 March 2025, Shell plc announced that it bought back a total of shares for cancellation. The company purchased 800,000 shares at the highest price of £25.85 and the lowest price of £25.57 on the London Stock Exchange, along with additional shares on other platforms. These transactions are part of the company's ongoing share buy-back program that was announced earlier on 30 January 2025.
SHEL has begun its first oil production from Phase 4 of the Gumusut-Kakap project in offshore Malaysia, which will enhance deepwater exploration and increase energy production.
SHEL has obtained environmental approval for its Crux gas project, which is an important source of backfill for the Prelude FLNG facility. The first gas production is expected to begin in 2027.
On March 10, 2025, Shell plc's Board announced the dividend payments for the fourth quarter of 2024, which was set at US$0.358 per ordinary share on January 30, 2025. Shareholders can choose to receive their dividends in US dollars, euros, or pounds sterling.